Public Employees Retirement System of Ohio Invests $4.61 Million in KE Holdings Inc. (NYSE:BEKE)

Public Employees Retirement System of Ohio purchased a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 231,609 shares of the company's stock, valued at approximately $4,611,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new stake in KE in the 3rd quarter valued at about $13,540,000. XTX Topco Ltd raised its stake in shares of KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock valued at $2,345,000 after acquiring an additional 90,054 shares in the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of KE by 11.2% in the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock valued at $101,794,000 after purchasing an additional 515,197 shares during the period. Quantinno Capital Management LP grew its stake in KE by 32.3% in the third quarter. Quantinno Capital Management LP now owns 21,774 shares of the company's stock worth $434,000 after purchasing an additional 5,317 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its holdings in KE by 65.7% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 715,708 shares of the company's stock worth $14,250,000 after purchasing an additional 283,733 shares during the period. 39.34% of the stock is currently owned by institutional investors.

KE Trading Down 3.3 %

Shares of BEKE traded down $0.67 during trading hours on Friday, hitting $19.42. The company had a trading volume of 10,994,243 shares, compared to its average volume of 9,316,723. The company has a market capitalization of $23.47 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 4.76 and a beta of -0.77. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company's fifty day moving average price is $20.70 and its two-hundred day moving average price is $17.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and upped their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, Citigroup assumed coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price target for the company.

KE Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.